Merrill Lynch Bank Usa Gives Business Loan to Private Mail Centers Company

Bank loans in Florida are hard to find these days. We take a look at one Florida bank loan, provided by an Utah bank, that was approved by the SBA.

Getting a small business loan in Tampa, Florida was a top priority for this loan applicant back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Merrill Lynch Bank Usa. Here are the details on this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: PRIVATE MAIL CENTERS
TAMPA, FL 33609

SBA Loan Lender

MERRILL LYNCH BANK USA
15 W SOUTH TEMPLE, STE 300
SALT LAKE CITY, UT 84101

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561431 - Private Mail Centers

Loan Approval Date

9/21/2001

Loan Approval Gross Amount

$263,700

Loan Approval from the SBA

Of the total $263,700 loan amount, the SBA guaranteed $197,775.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 8 existing jobs.

Next Steps for Getting an SBA Loan

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Merrill Lynch Bank Usa are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Business Line of Credit

Where to Get an SBA Loan in Salt Lake City, Utah

Utah SBA 7A Lenders